The Scottsdale luxury real estate market is surging with demand exceeding supply. There is an extreme lack of inventory of homes for sale. Many luxury homes, especially the ones with any views, are selling quickly and for over list price. It is extremely common for a home to receive multiple offers on the first day on the market. Homes are routinely selling for over list price. In fact, the average sales price is now 101% of list price in Scottsdale. So the list price is just a starting point and offers are going up from there. Completely opposite from a balanced market where the offers typically start under list price.
One year into the pandemic, the influx of buyers in Scottsdale is steady. There is no shortage of buyers wanting to buy homes in Scottsdale golf communities. The buyers in North Scottsdale golf communities include a wide variety of people: year round residents, early retirees, vacation home buyers, and professionals who are able to work remotely from anywhere. I have personally sold many homes this year to professionals from large cities (Seattle, New York, Chicago) who are taking advantage of their ability to work online. Many people are flocking out of crowded, expensive cities and buying large luxury homes in golf communities. It is the lifestyle refresh and reset that many people need during the pandemic. It is refreshing for them to live in an expansive home in a resort setting. Droves of people are taking advantage of their new mobility.
Carmen Brodeur JD
Trillium Properties, LLC
Cell (602) 791-0536